Project Overview
The Spanish Mountain Project is located in the Cariboo region of central British Columbia, approximately 6 kilometres from the village of Likely and 70 kilometres northeast of Williams Lake. The project benefits from year-round road access, existing power to the property, and proximity to established regional infrastructure, including nearby producing mines such as Mount Polley and Gibraltar.
Spanish Mountain is being advanced as a large-scale, open-pit gold project in a historically productive mining district that has produced approximately 3.8 million ounces of gold, underscoring the region’s long-established gold endowment.
The project is a bulk-tonnage, sediment-hosted gold system, with gold occurring as broad disseminated mineralization, as well as within localized higher-grade quartz-vein zones.
The deposit benefits from favourable stratigraphy and structural controls, supporting its potential as a large-scale open-pit development opportunity. Beyond the current mine plan, Spanish Mountain’s large land package provides meaningful exploration upside in a well-established gold district.
Royalty Details
| Date of Contract |
20-Apr-26 |
| Term |
Life of Mine |
| Royalty |
1.5% Net Smelter Return |
| Upfront Consideration |
$230M |
| Attributable Production |
Forecast to average approximately 2.4 koz of gold and 1 koz of silver per year for the first five years of production, and approximately 2.2 koz of gold and 1 koz of silver per year for the first 10 years of production. |
For more information on the Spanish Mountain Project, please visit: spanishmountaingold.com (opens in new tab)